J.D. Power, nCino collaborate to push vehicle data to the cloud
Monday, Dec. 9, 2019, 03:52 PM
Auto Fin Journal Staff
J.D. Power Valuation Services data now resides in another portion of the cloud in a move to help banks making loan decisions when vehicles are included as collateral. Cloud banking operator nCino announced on Monday that it is collaborating with ... [Read More]
BB&T and SunTrust finalize merger to become Truist
Monday, Dec. 9, 2019, 03:50 PM
Auto Fin Journal Staff
Truist Financial Corp. is officially ready for business, according to an announcement made on Monday morning. Executives said the completion of the merger involving BB&T Corp. and SunTrust Banks became effective on Friday. They pointed out Truist now is the sixth-largest ... [Read More]
DCI partners with TCH to bring real-time payments to more community banks
Monday, Dec. 2, 2019, 04:34 PM
Auto Fin Journal Staff
Just before Thanksgiving, two firms in the payments space finalized a partnership. Data Center Inc. (DCI), the privately owned developer of iCore360 core banking software and related omnichannel technologies, announced a partnership with the Clearing House (TCH) to bring real-time payment ... [Read More]
Former Experian VP becomes chief data officer at Finastra
Monday, Dec. 2, 2019, 04:33 PM
Auto Fin Journal Staff
Finastra recently turned to a former Experian executive to be its new chief data officer. Formed in 2017 by the combination of Misys and D+H, the cloud-based platform for open innovation designed to help global financial institutions as well as ... [Read More]
CFPB shares 3 focus areas as AI and machine learning impact underwriting
Wednesday, Nov. 27, 2019, 03:17 PM
Auto Fin Journal Staff
The Consumer Financial Protection Bureau (CFPB) understands tools such as artificial intelligence and machine learning are making their way into underwriting departments at auto finance companies and other providers of financial services. It’s why CFPB director Kathleen Kraninger recently reiterated ... [Read More]
J.D. Power auto finance study reinforces how satisfaction is driven by digital experience
Wednesday, Nov. 20, 2019, 04:30 PM
Auto Fin Journal Staff
According to data released back in June by the Pew Research Center, 81% of Americans now own smartphones. That’s up from just 35% Pew analysts discovered during their first survey of smartphone ownership conducted in 2011. Trends like that are ... [Read More]
Dealertrack and CDK Global enhance leasing platforms
Monday, Nov. 18, 2019, 04:45 PM
Auto Fin Journal Staff
Two familiar names in the F&I technology world — Dealertrack and CDK Global — announced an expanded integration on Monday. The companies explained their latest development brings together the CDK Drive DMS and Dealertrack uniFI platforms to enable faster funding ... [Read More]
ChromeData: New app ‘provides payment options for all’
Monday, Nov. 11, 2019, 09:04 PM
Auto Fin Journal Staff
Autodata Solutions president Craig Jennings says obtaining timely and accurate rates, residuals, rebates and incentives “continues to be a challenge for partners across the industry. “Dealers need to be able to accurately market, price and desk their vehicles both in-store ... [Read More]
2019 Auto Finance Executive of the Year: Bill Jones
Wednesday, Nov. 6, 2019, 09:16 PM
Nick Zulovich, Senior Editor
Bill Jones approaches every segment of his life with enthusiasm and zeal. Professionally, Jones serves in multiple roles as the chief executive officer and president of Regional Acceptance Corp., as well as executive vice president and manager of BB&T Dealer ... [Read More]
FICO and Equifax launch decisioning platform with auto among targets
Wednesday, Nov. 6, 2019, 05:01 PM
Auto Fin Journal Staff
Along with three other separate solution launches, FICO also highlighted during its largest annual event this week a jointly developed data decisions cloud suite that’s been completed with the team at Equifax, a member of the Automotive Intelligence Council. The ... [Read More]
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